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Hong Kong, 28 June 2001ˇKRoadShow Holdings Limited ("RoadShow")
(SEHK: 888) marked its debut today on the main board of
the Stock Exchange of Hong Kong.
This followed a successful initial public
offering last week, which drew enthusiastic response in
Hong Kong, Singapore, Europe and the United States.
Speaking at the Group's listing ceremony at
the Stock Exchange, RoadShow Group Managing Director Winnie
Ng said the listing of RoadShow was a very important milestone
in the development of Hong Kong's out-of-home media.
"The listing of RoadShow on the main
board of the Stock Exchange means that Hong Kong's out-of-home
media have entered into a new era of diversification and
sophistication.
"With RoadShow's varied programmes, transit
vehicle passengers can keep track of the community by receiving
different information and entertainment on board, thereby
making their transit vehicle journeys more enjoyable,"
Miss Ng said.
RoadShow is a leading out-of-home media sales
company that primarily markets advertising to captive audiences
by providing audio-visual programmes through a Multi-Media
On Board system on transit vehicles in Hong Kong.
The Group's IPO last week drew an over-subscription
of approximately 156 times of the 24 million public offer
shares available for subscription.
As a result of the overwhelming response,
shares have been reallocated to the Hong Kong offering from
the international placing and the total number of shares
available for Hong Kong public offer has been increased
to 120 million.
RoadShow recorded a total turnover of
approximately HK$403 million for 146 million shares on the
first trading day. The Group's share price reached the highest
of HK$2.9 and closed at HK$2.65 per share, and increase
of 18 per cent compared with the offer price of HK$2.25.
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